Blackrock Gold Corp receives financing through warrants

Published by

Nov 26, 2019

Blackrock Gold Corp. (the “Company”) announced on Nov 25th that it has received $251,000 from the exercise of previously issued warrants and options. A total of 1,125,000 warrants and 1,100,000 options were exercised for proceeds of $191,000 and $60,000 respectively.
 
As a result of such exercises, the Company currently has a total of 62,650,143 common shares issued and outstanding.
 
Drilling at Silver Cloud remains ongoing and the Company has expanded the program to add a fifth drill hole, with the entire program to now consist of approximately 2,500m of diamond core drilling. Hole SBC19-05 has been designed to test the extent of open strike potential to the east of where Teck encountered multiple gold intercepts in this newly recognized east-west oriented vein system. Core from previous holes continues to be logged, photographed, cut and sent for analysis, with assays pending.
 
About Blackrock Gold Corp.
Blackrock is a junior gold-focused exploration company that is on a quest to make an economic discovery. Anchored by a seasoned Board, the Company is focused on its Silver Cloud property, a low-sulphidation epithermal gold & silver project located along on the established Northern Nevada Rift gold trend in north-central Nevada.

Articles authored by Martin Signer

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